Whale wallet 0x8Fa4 offloaded 30,000 ETH for $55M USDC in OTC deal at $1,833.33

AI Market Summary

An identified whale (0x8Fa4) reportedly sold 30,000 ETH (~$55M) into USDC via an OTC transaction at ~$1,833, highlighting sizeable supply distribution and potential de-risking behavior. While OTC flow can reduce immediate order-book impact, the trade may weigh on near-term ETH sentiment and reinforce caution around large-holder positioning.

Impact level

● Medium

Affected assets

ETH/USDT+1.00%

AI Insight · ETH/USDTAI Insight

▼ Bearish

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Whale address 0x8Fa4 sold 30,000 ETH for $55 million in USDC via an OTC transaction about nine hours ago, implying an average sale price of $1,833.33 per ETH.

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